Growth Metrics

Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025)

Spruce Power Holding recorded quarterly Operating Expenses of $21.8 million in Q4 2025, down 2.08% quarter-over-quarter from $22.2 million in Q3 2025, and down 18.33% year-over-year from $26.7 million in Q4 2024.

Spruce Power Holding's Operating Expenses history runs 7 years deep, the most recent figure standing at $21.8 million for Q4 2025.

  • In Q4 2025, Operating Expenses fell 18.33% year-over-year to $21.8 million; the TTM figure through Dec 2025 stood at $93.9 million (down 29.38% YoY), while the FY2025 annual figure was $93.9 million, down 29.15% from the prior year.
  • Operating Expenses came in at $21.8 million for Q4 2025 at Spruce Power Holding, down from $22.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $58.5 million in Q3 2024 to a low of -$10.5 million in Q4 2021.
  • A 5-year average of $22.8 million and a median of $23.0 million in 2023 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 7038.29% in 2021 and fell as far as 366.27% in 2021.
  • Spruce Power Holding's Operating Expenses stood at -$10.5 million in 2021, then surged by 440.12% to $35.7 million in 2022, then sank by 32.2% to $24.2 million in 2023, then advanced by 10.14% to $26.7 million in 2024, then retreated by 18.33% to $21.8 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered $21.8 million, $22.2 million, and $24.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 140.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 143.79 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 188.46 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 130.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 123.32 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 765.74 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 33.29 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 55.90 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -232.93 Mn
10 Spruce Power Holding 54.20 Mn -36.52 Mn 16.96 Mn 21.78 Mn

Historic Data

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DateValue
Dec 31, 2025 21.78 Mn
Sep 30, 2025 22.24 Mn
Jun 30, 2025 24.34 Mn
Mar 31, 2025 25.51 Mn
Dec 31, 2024 26.67 Mn
Sep 30, 2024 58.54 Mn
Jun 30, 2024 25.84 Mn
Mar 31, 2024 21.88 Mn
Dec 31, 2023 24.21 Mn
Sep 30, 2023 47.77 Mn
Jun 30, 2023 23.79 Mn
Mar 31, 2023 20.91 Mn
Dec 31, 2022 35.71 Mn
Sep 30, 2022 29.26 Mn
Jun 30, 2022 9.78 Mn
Mar 31, 2022 7.73 Mn
Dec 31, 2021 -10.50 Mn
Sep 30, 2021 18.47 Mn
Jun 30, 2021 13.63 Mn
Mar 31, 2021 9.37 Mn
Dec 31, 2020 3.94 Mn
Sep 30, 2020 1.87 Mn
Jun 30, 2020 216,022.00
Mar 31, 2020 131,264.00
Dec 31, 2019 393,291.00
Sep 30, 2019 131,890.00
Jun 30, 2019 454.00
Mar 31, 2019 375.00